Question 18

10 Points

Groh Co. recorded the following data pertaining to raw material X during January 2025:

Units

Date Received Cost Issued On Hand

1/1/25 Inventory $2.00 3,200

1/11/25 Issue 1,600 1,600

1/22/25 Purchase 4,000 $2.35 5,600

The moving-average unit cost of X inventory at January 31, 2025 is

$2.17.

$2.21.

$2.25.

$2.35.